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- Question 1 of 20
1. Question
1 pointsCategory: Current AffairsMORI Building Digital Art Museum in _____, has become the world’s first all-digital museum?
CorrectAnswer – 3.Tokyo, Japan
Explanation:
The MORI Building Digital Art Museum in Tokyo is a collaboration between the developer and art collective TeamLab. In this museum light and space is the art. There are no guide maps, no descriptions, and no signs warning viewers to not touch the art work. Visitors walk through darkness and empty rooms. There are nearly 50 kaleidoscopic installations that are triggered by motion sensors and projected across every surface of the museum. The museum has 100,000-square-foot exhibit space. Without lights the museum will look like empty halls with black walls.IncorrectAnswer – 3.Tokyo, Japan
Explanation:
The MORI Building Digital Art Museum in Tokyo is a collaboration between the developer and art collective TeamLab. In this museum light and space is the art. There are no guide maps, no descriptions, and no signs warning viewers to not touch the art work. Visitors walk through darkness and empty rooms. There are nearly 50 kaleidoscopic installations that are triggered by motion sensors and projected across every surface of the museum. The museum has 100,000-square-foot exhibit space. Without lights the museum will look like empty halls with black walls. - Question 2 of 20
2. Question
1 pointsCategory: Current AffairsOn 11th July 2018, BSNL (Bharat Sanchar Nigam Limited) launched India’s first Internet telephony service. What is the name of the service?
CorrectAnswer – 1.Wings
Explanation:
Wings was launched by Minister of state (Independent charge) for Communications Manoj Sinha. Now, customers can use their BSNL landline on their mobile phone with Internet Telephony. Using this service customers can make and receive calls over the Internet from anywhere in India or abroad. This service will use a Mobile Numbering Scheme. It will require an SIP Client (soft app) to be downloaded and installed on a smart device (laptop, smartphone, tablet). Internet telephony is a kind of communications technology that allows voice calls and other telephony services like fax, SMS and other voice-messaging applications to be transmitted through the Internet.IncorrectAnswer – 1.Wings
Explanation:
Wings was launched by Minister of state (Independent charge) for Communications Manoj Sinha. Now, customers can use their BSNL landline on their mobile phone with Internet Telephony. Using this service customers can make and receive calls over the Internet from anywhere in India or abroad. This service will use a Mobile Numbering Scheme. It will require an SIP Client (soft app) to be downloaded and installed on a smart device (laptop, smartphone, tablet). Internet telephony is a kind of communications technology that allows voice calls and other telephony services like fax, SMS and other voice-messaging applications to be transmitted through the Internet. - Question 3 of 20
3. Question
1 pointsCategory: Current AffairsOn July 15, 2018, ‘Sulabh Jal’, the first of world’s cheapest drinking water project was launched by Sulabh International in Darbhanga district, of which state?
CorrectAnswer – 1.Bihar
Explanation:
The ‘Sulabh Jal’ project converts contaminated pond and river water into safe drinking water. The water purification process has a capacity to purify 8,000 litres of water per day at nominal cost. The cost of the project is around Rs 20 lakhs. With this people will get pure and clean water only in 50paisa/litre.IncorrectAnswer – 1.Bihar
Explanation:
The ‘Sulabh Jal’ project converts contaminated pond and river water into safe drinking water. The water purification process has a capacity to purify 8,000 litres of water per day at nominal cost. The cost of the project is around Rs 20 lakhs. With this people will get pure and clean water only in 50paisa/litre. - Question 4 of 20
4. Question
1 pointsCategory: Current AffairsFIFA 2018 was the _____ edition of the international football tournament?
CorrectAnswer – 3.21st
Explanation:
FIFA World Cup, an international football tournament, is contested by the men’s national teams of the member associations of FIFA once every four years. FIFA 2018 was the 21st edition of the tournament.IncorrectAnswer – 3.21st
Explanation:
FIFA World Cup, an international football tournament, is contested by the men’s national teams of the member associations of FIFA once every four years. FIFA 2018 was the 21st edition of the tournament. - Question 5 of 20
5. Question
1 pointsCategory: Current AffairsName the Official mascot of FIFA World Cup 2018?
CorrectAnswer – 1.Zabivaka
Explanation:
Zabivaka – “the one who scores” (in Russian) is a wolf who radiates fun, charm and confidence was the Official mascot of FIFA World Cup 2018. It has brown and white fur, wearing a T-shirt emblazoned with the words “RUSSIA 2018” and orange sports goggles. This was designed by Ekaterina Bocharova.IncorrectAnswer – 1.Zabivaka
Explanation:
Zabivaka – “the one who scores” (in Russian) is a wolf who radiates fun, charm and confidence was the Official mascot of FIFA World Cup 2018. It has brown and white fur, wearing a T-shirt emblazoned with the words “RUSSIA 2018” and orange sports goggles. This was designed by Ekaterina Bocharova. - Question 6 of 20
6. Question
1 pointsCategory: Current AffairsOn July 6, 2018, HDFC Bank overtook Russia’s ____ to become the most valuable bank in the emerging market outside China?
CorrectAnswer – 3.Sberbank
IncorrectAnswer – 3.Sberbank
- Question 7 of 20
7. Question
1 pointsCategory: Current AffairsUnified Payments Interface (UPI) will get a major upgrade with new features and a doubling of the transaction limit to ___ and is awaiting RBI’s approval?
CorrectAnswer – 1.Rs 2 lakh
Explanation:
Consumers will get a range of new features on UPI, starting with an overdraft facility to getting invoices attached with payment requests. One prominent feature on the upgraded UPI application would be the ‘block payment’ option, which consumers can adopt for cab rides, ecommerce deliveries, buying stocks during IPOs and other transactions. With this the service providers can block a certain amount in the customer’s bank account and debit it on successful completion of the service. Doubling of limit of transaction to Rs.2 lakh.IncorrectAnswer – 1.Rs 2 lakh
Explanation:
Consumers will get a range of new features on UPI, starting with an overdraft facility to getting invoices attached with payment requests. One prominent feature on the upgraded UPI application would be the ‘block payment’ option, which consumers can adopt for cab rides, ecommerce deliveries, buying stocks during IPOs and other transactions. With this the service providers can block a certain amount in the customer’s bank account and debit it on successful completion of the service. Doubling of limit of transaction to Rs.2 lakh. - Question 8 of 20
8. Question
1 pointsCategory: ReasoningThe Reserve Bank of India (RBI) announced that the license of which bank in Alwar, Rajasthan has been cancelled due to its bad position to pay its depositors in full and the present financial position of the bank leaves no scope for its revival?
CorrectAnswer – 2.Alwar Urban Co-operative Bank
Explanation:
The Reserve Bank of India (RBI) announced that the licence of Alwar Urban Co-operative Bank in Alwar, Rajasthan has been cancelled due to its bad position to pay its depositors in full and the present financial position of the bank leaves no scope for its revival. It is effective from the close of business on July 5 2018. Registrar of Co-operative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.IncorrectAnswer – 2.Alwar Urban Co-operative Bank
Explanation:
The Reserve Bank of India (RBI) announced that the licence of Alwar Urban Co-operative Bank in Alwar, Rajasthan has been cancelled due to its bad position to pay its depositors in full and the present financial position of the bank leaves no scope for its revival. It is effective from the close of business on July 5 2018. Registrar of Co-operative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. - Question 9 of 20
9. Question
1 pointsCategory: Current AffairsOn July 12,2018, State Bank of India (SBI) and National Bank for Agriculture and Rural Development (NABARD) have joined hands to provide collateral-free credit in which state?
CorrectAnswer – 4.Telangana
Explanation:
The Mou was signed with seven NGOs from Nizamabad, Medak and Warangal districts, for the promotion and credit linkage of the JLGs. The tripartite agreement was signed by Swaminathan J, CGM, SBI, and P Radhakrishnan, CGM, Nabard. This was given through 2000 Joint Liability Groups in the state. Through this agreement NABARD will assist the NGOs to nurture and handholding of the JLGs to help tenant farmers, share croppers etc.IncorrectAnswer – 4.Telangana
Explanation:
The Mou was signed with seven NGOs from Nizamabad, Medak and Warangal districts, for the promotion and credit linkage of the JLGs. The tripartite agreement was signed by Swaminathan J, CGM, SBI, and P Radhakrishnan, CGM, Nabard. This was given through 2000 Joint Liability Groups in the state. Through this agreement NABARD will assist the NGOs to nurture and handholding of the JLGs to help tenant farmers, share croppers etc. - Question 10 of 20
10. Question
1 pointsCategory: Current AffairsOn 16th July 2018, Economic Affairs Secretary Subhash Chandra Garg said that, Life Insurance Corporation of India’s (LIC’s) board has approved acquiring up to 51 % stake in which bank?
CorrectAnswer – 4.IDBI Bank
Explanation:
Subhash Chandra Garg is on the board of LIC. He said that, the additional stake buy would be through a preferential shares issue that will enable injection of funds to IDBI Bank. LIC will now approach SEBI (Securities and Exchange Board of India). IRDAI has already approved LIC for the stake purchase. Subhash Chandra Garg added that, if necessary LIC will make an open offer. LIC owned nearly 8 % of IDBI Bank as of end-June 2018. The federal government owned 86 %. As LIC acquires stake in IDBI bank, the debt-ridden IDBI bank will receive a capital support of Rs 100-130 billion. The gross non-performing assets of IDBI Bank was Rs 556 billion at the end of the March quarter.IncorrectAnswer – 4.IDBI Bank
Explanation:
Subhash Chandra Garg is on the board of LIC. He said that, the additional stake buy would be through a preferential shares issue that will enable injection of funds to IDBI Bank. LIC will now approach SEBI (Securities and Exchange Board of India). IRDAI has already approved LIC for the stake purchase. Subhash Chandra Garg added that, if necessary LIC will make an open offer. LIC owned nearly 8 % of IDBI Bank as of end-June 2018. The federal government owned 86 %. As LIC acquires stake in IDBI bank, the debt-ridden IDBI bank will receive a capital support of Rs 100-130 billion. The gross non-performing assets of IDBI Bank was Rs 556 billion at the end of the March quarter. - Question 11 of 20
11. Question
1 pointsCategory: Banking AwarenessThe endorser expresses that he/she would not be liable for any expenses incurred by endorsee or any holder, in case of dishonour of the instrument the endorsement is called __________
CorrectAnswer – 5. Sans recourse Endorsement
Explanation:
The endorser expresses that he would not be liable for any expenses incurred by endorsee or any holder, in case of dishonour of the instrument the endorsement is called Sans recourse Endorsement.IncorrectAnswer – 5. Sans recourse Endorsement
Explanation:
The endorser expresses that he would not be liable for any expenses incurred by endorsee or any holder, in case of dishonour of the instrument the endorsement is called Sans recourse Endorsement. - Question 12 of 20
12. Question
1 pointsCategory: Banking AwarenessAn Indian rupee denominated bond issued outside India is called ________
CorrectAnswer – 5. Masala bond
Explanation:
Masala bonds an Indian rupee denominated bond issued outside India.IncorrectAnswer – 5. Masala bond
Explanation:
Masala bonds an Indian rupee denominated bond issued outside India. - Question 13 of 20
13. Question
1 pointsCategory: Banking AwarenessWho among the following are institutional investors in the Indian Debt Market?
CorrectAnswer – 5. All of these
Explanation:
Institutional investors operating in the Indian Debt Market are :
Banks
Insurance companies
Provident funds
Mutual funds
Trusts
Corporate treasuriesIncorrectAnswer – 5. All of these
Explanation:
Institutional investors operating in the Indian Debt Market are :
Banks
Insurance companies
Provident funds
Mutual funds
Trusts
Corporate treasuries - Question 14 of 20
14. Question
1 pointsCategory: Banking AwarenessWho among the following regulates the Indian Corporate Debt Market?
CorrectAnswer – 4. SEBI
Explanation:
Regulator for the Indian Corporate Debt Market is the Securities and Exchange Board of India (SEBI). SEBI controls bond market and corporate debt market in cases where entities raise money from public through public issues.IncorrectAnswer – 4. SEBI
Explanation:
Regulator for the Indian Corporate Debt Market is the Securities and Exchange Board of India (SEBI). SEBI controls bond market and corporate debt market in cases where entities raise money from public through public issues. - Question 15 of 20
15. Question
1 pointsCategory: Banking AwarenessWhich allows banks and other financial institution to auction residential or commercial properties to recover loans?
CorrectAnswer – 4. SARFAESI Act, 2002
Explanation:
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an Indian law. It allows banks and other financial institution to auction residential or commercial properties to recover loans.IncorrectAnswer – 4. SARFAESI Act, 2002
Explanation:
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an Indian law. It allows banks and other financial institution to auction residential or commercial properties to recover loans. - Question 16 of 20
16. Question
1 pointsCategory: Static GKWhat is the capital of Lesotho?
CorrectAnswer – 1. Maseru
IncorrectAnswer – 1. Maseru
- Question 17 of 20
17. Question
1 pointsCategory: Static GKVastrapur Lake is located in ________
CorrectAnswer – 5. Gujarat
IncorrectAnswer – 5. Gujarat
- Question 18 of 20
18. Question
1 pointsCategory: Static GKBihu is celebrated in ______
CorrectAnswer – 5.Assam
IncorrectAnswer – 5.Assam
- Question 19 of 20
19. Question
1 pointsCategory: Static GKOctober 5 observed as _____
CorrectAnswer – 4. World Teachers Day
IncorrectAnswer – 4. World Teachers Day
- Question 20 of 20
20. Question
1 pointsCategory: Static GKBetla National Park is located in _____
CorrectAnswer – 5. Jharkhand
IncorrectAnswer – 5. Jharkhand
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